Earnings from boda boda sector surpasses Safaricom's 2017 revenue by Sh7b

A boda boda taxi: They are generating Sh219 billion annually.  [Jenipher Wachie,Standard]

NAIROBI, KENYA: The boda boda industry is emerging as one of the biggest drivers of the economy, with operators generating Sh219 billion in revenue last year.

Going by the latest industry figures, it means the operators of the popular mode of transport collectively made more than East Africa’s most profitable company, Safaricom, which had total revenues of Sh212 billion in the 2016/17 financial year.